Worldcoin Launches Feature To Allow Unverified Users To Reserve WLD Tokens

Sam Altman’s Worldcoin on Friday announces the launch of a new feature allowing even unverified users to reserve Worldcoin (WLD) tokens. Worldcoin’s aim to build the world’s largest identity and financial network attracted scrutiny from regulators around the world and reluctance from the crypto industry due to privacy and safety concerns.

Worldcoin Launches WLD Tokens Pre-Booking Feature

Worldcoin on August 11 said the World App now offers a reservation feature to make it easier for people to get WLD tokens.

Users can reserve WLD tokens even without verification of their World ID. They can simply visit an Orb in the next 12 months to redeem their reserved WLD tokens.

In order to reserve their WLD, users need to download World App. Then reserve WLD tokens as they become available and redeem the tokens after verification at an Orb.

Worldcoin (WLD) price currently trades at $1.70, down 6% in the last 24 hours and 25% in a week amid several concerns raised by experts. The 24-hour low and high are $1.66 and $1.81.

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Worldcoin Attracts Scrutiny

Multiple government agencies around the world have opened investigations into the Worldcoin project due to privacy and safety concerns. After investigations across Europe, Worldcoin faces setbacks in Africa starting with Kenya.

Worldcoin even failed to get support from the crypto industry as experts including Ethereum creator Vitalik Buterin raised concerns over privacy and security, highlighting poor design, privacy, and security concerns around the Orb, and some of the company’s business decisions.

On Friday, Argentina’s Public Information Access Agency opened an investigation into Sam Altman’s Worldcoin project over data privacy concerns. The agency will also look into the storage and how the protocol’s use personal data.

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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